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Mortgage Calculator with Amortization

Estimate your monthly mortgage payment, total interest, and full amortization schedule with a visual chart.

Monthly principal & interest$2,075.51
Property tax (monthly)$300.00
Insurance (monthly)$125.00
Total monthly payment$2,500.51
Loan amount$320,000.00
Total interest paid$427,185.01
Total paid (P+I)$747,185.01
Payoff time30 years (360 months)
View amortization schedule (360 months)
MonthPaymentPrincipalInterestBalance
1$2,075.51$275.51$1,800.00$319,724.49
2$2,075.51$277.06$1,798.45$319,447.42
3$2,075.51$278.62$1,796.89$319,168.80
4$2,075.51$280.19$1,795.32$318,888.61
5$2,075.51$281.77$1,793.75$318,606.85
6$2,075.51$283.35$1,792.16$318,323.49
7$2,075.51$284.94$1,790.57$318,038.55
8$2,075.51$286.55$1,788.97$317,752.00
9$2,075.51$288.16$1,787.36$317,463.84
10$2,075.51$289.78$1,785.73$317,174.06
11$2,075.51$291.41$1,784.10$316,882.66
12$2,075.51$293.05$1,782.46$316,589.61
13$2,075.51$294.70$1,780.82$316,294.91
14$2,075.51$296.36$1,779.16$315,998.55
15$2,075.51$298.02$1,777.49$315,700.53
16$2,075.51$299.70$1,775.82$315,400.83
17$2,075.51$301.38$1,774.13$315,099.45
18$2,075.51$303.08$1,772.43$314,796.37
19$2,075.51$304.78$1,770.73$314,491.59
20$2,075.51$306.50$1,769.02$314,185.09
21$2,075.51$308.22$1,767.29$313,876.86
22$2,075.51$309.96$1,765.56$313,566.91
23$2,075.51$311.70$1,763.81$313,255.21
24$2,075.51$313.45$1,762.06$312,941.75
25$2,075.51$315.22$1,760.30$312,626.54
26$2,075.51$316.99$1,758.52$312,309.55
27$2,075.51$318.77$1,756.74$311,990.77
28$2,075.51$320.57$1,754.95$311,670.21
29$2,075.51$322.37$1,753.14$311,347.84
30$2,075.51$324.18$1,751.33$311,023.66
31$2,075.51$326.01$1,749.51$310,697.65
32$2,075.51$327.84$1,747.67$310,369.81
33$2,075.51$329.68$1,745.83$310,040.13
34$2,075.51$331.54$1,743.98$309,708.59
35$2,075.51$333.40$1,742.11$309,375.19
36$2,075.51$335.28$1,740.24$309,039.91
37$2,075.51$337.16$1,738.35$308,702.74
38$2,075.51$339.06$1,736.45$308,363.68
39$2,075.51$340.97$1,734.55$308,022.72
40$2,075.51$342.89$1,732.63$307,679.83
41$2,075.51$344.81$1,730.70$307,335.01
42$2,075.51$346.75$1,728.76$306,988.26
43$2,075.51$348.70$1,726.81$306,639.55
44$2,075.51$350.67$1,724.85$306,288.89
45$2,075.51$352.64$1,722.87$305,936.25
46$2,075.51$354.62$1,720.89$305,581.63
47$2,075.51$356.62$1,718.90$305,225.01
48$2,075.51$358.62$1,716.89$304,866.39
49$2,075.51$360.64$1,714.87$304,505.75
50$2,075.51$362.67$1,712.84$304,143.08
51$2,075.51$364.71$1,710.80$303,778.37
52$2,075.51$366.76$1,708.75$303,411.61
53$2,075.51$368.82$1,706.69$303,042.78
54$2,075.51$370.90$1,704.62$302,671.89
55$2,075.51$372.98$1,702.53$302,298.90
56$2,075.51$375.08$1,700.43$301,923.82
57$2,075.51$377.19$1,698.32$301,546.63
58$2,075.51$379.31$1,696.20$301,167.31
59$2,075.51$381.45$1,694.07$300,785.86
60$2,075.51$383.59$1,691.92$300,402.27
61$2,075.51$385.75$1,689.76$300,016.52
62$2,075.51$387.92$1,687.59$299,628.60
63$2,075.51$390.10$1,685.41$299,238.50
64$2,075.51$392.30$1,683.22$298,846.20
65$2,075.51$394.50$1,681.01$298,451.69
66$2,075.51$396.72$1,678.79$298,054.97
67$2,075.51$398.95$1,676.56$297,656.02
68$2,075.51$401.20$1,674.32$297,254.82
69$2,075.51$403.46$1,672.06$296,851.36
70$2,075.51$405.72$1,669.79$296,445.64
71$2,075.51$408.01$1,667.51$296,037.63
72$2,075.51$410.30$1,665.21$295,627.33
73$2,075.51$412.61$1,662.90$295,214.72
74$2,075.51$414.93$1,660.58$294,799.79
75$2,075.51$417.27$1,658.25$294,382.52
76$2,075.51$419.61$1,655.90$293,962.91
77$2,075.51$421.97$1,653.54$293,540.94
78$2,075.51$424.35$1,651.17$293,116.59
79$2,075.51$426.73$1,648.78$292,689.86
80$2,075.51$429.13$1,646.38$292,260.72
81$2,075.51$431.55$1,643.97$291,829.18
82$2,075.51$433.97$1,641.54$291,395.20
83$2,075.51$436.42$1,639.10$290,958.79
84$2,075.51$438.87$1,636.64$290,519.91
85$2,075.51$441.34$1,634.17$290,078.58
86$2,075.51$443.82$1,631.69$289,634.75
87$2,075.51$446.32$1,629.20$289,188.43
88$2,075.51$448.83$1,626.68$288,739.61
89$2,075.51$451.35$1,624.16$288,288.25
90$2,075.51$453.89$1,621.62$287,834.36
91$2,075.51$456.45$1,619.07$287,377.91
92$2,075.51$459.01$1,616.50$286,918.90
93$2,075.51$461.60$1,613.92$286,457.31
94$2,075.51$464.19$1,611.32$285,993.11
95$2,075.51$466.80$1,608.71$285,526.31
96$2,075.51$469.43$1,606.09$285,056.88
97$2,075.51$472.07$1,603.44$284,584.81
98$2,075.51$474.72$1,600.79$284,110.09
99$2,075.51$477.39$1,598.12$283,632.70
100$2,075.51$480.08$1,595.43$283,152.62
101$2,075.51$482.78$1,592.73$282,669.83
102$2,075.51$485.50$1,590.02$282,184.34
103$2,075.51$488.23$1,587.29$281,696.11
104$2,075.51$490.97$1,584.54$281,205.14
105$2,075.51$493.74$1,581.78$280,711.40
106$2,075.51$496.51$1,579.00$280,214.89
107$2,075.51$499.31$1,576.21$279,715.59
108$2,075.51$502.11$1,573.40$279,213.47
109$2,075.51$504.94$1,570.58$278,708.53
110$2,075.51$507.78$1,567.74$278,200.76
111$2,075.51$510.63$1,564.88$277,690.12
112$2,075.51$513.51$1,562.01$277,176.61
113$2,075.51$516.40$1,559.12$276,660.22
114$2,075.51$519.30$1,556.21$276,140.92
115$2,075.51$522.22$1,553.29$275,618.70
116$2,075.51$525.16$1,550.36$275,093.54
117$2,075.51$528.11$1,547.40$274,565.43
118$2,075.51$531.08$1,544.43$274,034.34
119$2,075.51$534.07$1,541.44$273,500.27
120$2,075.51$537.07$1,538.44$272,963.20
121$2,075.51$540.10$1,535.42$272,423.10
122$2,075.51$543.13$1,532.38$271,879.97
123$2,075.51$546.19$1,529.32$271,333.78
124$2,075.51$549.26$1,526.25$270,784.52
125$2,075.51$552.35$1,523.16$270,232.17
126$2,075.51$555.46$1,520.06$269,676.71
127$2,075.51$558.58$1,516.93$269,118.13
128$2,075.51$561.72$1,513.79$268,556.40
129$2,075.51$564.88$1,510.63$267,991.52
130$2,075.51$568.06$1,507.45$267,423.45
131$2,075.51$571.26$1,504.26$266,852.20
132$2,075.51$574.47$1,501.04$266,277.73
133$2,075.51$577.70$1,497.81$265,700.03
134$2,075.51$580.95$1,494.56$265,119.07
135$2,075.51$584.22$1,491.29$264,534.86
136$2,075.51$587.51$1,488.01$263,947.35
137$2,075.51$590.81$1,484.70$263,356.54
138$2,075.51$594.13$1,481.38$262,762.41
139$2,075.51$597.48$1,478.04$262,164.93
140$2,075.51$600.84$1,474.68$261,564.10
141$2,075.51$604.22$1,471.30$260,959.88
142$2,075.51$607.61$1,467.90$260,352.26
143$2,075.51$611.03$1,464.48$259,741.23
144$2,075.51$614.47$1,461.04$259,126.76
145$2,075.51$617.93$1,457.59$258,508.84
146$2,075.51$621.40$1,454.11$257,887.44
147$2,075.51$624.90$1,450.62$257,262.54
148$2,075.51$628.41$1,447.10$256,634.13
149$2,075.51$631.95$1,443.57$256,002.18
150$2,075.51$635.50$1,440.01$255,366.68
151$2,075.51$639.08$1,436.44$254,727.60
152$2,075.51$642.67$1,432.84$254,084.93
153$2,075.51$646.29$1,429.23$253,438.64
154$2,075.51$649.92$1,425.59$252,788.72
155$2,075.51$653.58$1,421.94$252,135.14
156$2,075.51$657.25$1,418.26$251,477.89
157$2,075.51$660.95$1,414.56$250,816.94
158$2,075.51$664.67$1,410.85$250,152.27
159$2,075.51$668.41$1,407.11$249,483.86
160$2,075.51$672.17$1,403.35$248,811.70
161$2,075.51$675.95$1,399.57$248,135.75
162$2,075.51$679.75$1,395.76$247,456.00
163$2,075.51$683.57$1,391.94$246,772.42
164$2,075.51$687.42$1,388.09$246,085.01
165$2,075.51$691.29$1,384.23$245,393.72
166$2,075.51$695.17$1,380.34$244,698.55
167$2,075.51$699.08$1,376.43$243,999.46
168$2,075.51$703.02$1,372.50$243,296.44
169$2,075.51$706.97$1,368.54$242,589.47
170$2,075.51$710.95$1,364.57$241,878.52
171$2,075.51$714.95$1,360.57$241,163.58
172$2,075.51$718.97$1,356.55$240,444.61
173$2,075.51$723.01$1,352.50$239,721.60
174$2,075.51$727.08$1,348.43$238,994.52
175$2,075.51$731.17$1,344.34$238,263.35
176$2,075.51$735.28$1,340.23$237,528.06
177$2,075.51$739.42$1,336.10$236,788.64
178$2,075.51$743.58$1,331.94$236,045.07
179$2,075.51$747.76$1,327.75$235,297.31
180$2,075.51$751.97$1,323.55$234,545.34
181$2,075.51$756.20$1,319.32$233,789.14
182$2,075.51$760.45$1,315.06$233,028.69
183$2,075.51$764.73$1,310.79$232,263.97
184$2,075.51$769.03$1,306.48$231,494.94
185$2,075.51$773.35$1,302.16$230,721.58
186$2,075.51$777.71$1,297.81$229,943.88
187$2,075.51$782.08$1,293.43$229,161.80
188$2,075.51$786.48$1,289.04$228,375.32
189$2,075.51$790.90$1,284.61$227,584.42
190$2,075.51$795.35$1,280.16$226,789.06
191$2,075.51$799.83$1,275.69$225,989.24
192$2,075.51$804.32$1,271.19$225,184.91
193$2,075.51$808.85$1,266.67$224,376.07
194$2,075.51$813.40$1,262.12$223,562.67
195$2,075.51$817.97$1,257.54$222,744.69
196$2,075.51$822.58$1,252.94$221,922.12
197$2,075.51$827.20$1,248.31$221,094.92
198$2,075.51$831.86$1,243.66$220,263.06
199$2,075.51$836.53$1,238.98$219,426.53
200$2,075.51$841.24$1,234.27$218,585.29
201$2,075.51$845.97$1,229.54$217,739.32
202$2,075.51$850.73$1,224.78$216,888.59
203$2,075.51$855.52$1,220.00$216,033.07
204$2,075.51$860.33$1,215.19$215,172.74
205$2,075.51$865.17$1,210.35$214,307.58
206$2,075.51$870.03$1,205.48$213,437.54
207$2,075.51$874.93$1,200.59$212,562.61
208$2,075.51$879.85$1,195.66$211,682.76
209$2,075.51$884.80$1,190.72$210,797.97
210$2,075.51$889.78$1,185.74$209,908.19
211$2,075.51$894.78$1,180.73$209,013.41
212$2,075.51$899.81$1,175.70$208,113.60
213$2,075.51$904.87$1,170.64$207,208.72
214$2,075.51$909.96$1,165.55$206,298.76
215$2,075.51$915.08$1,160.43$205,383.67
216$2,075.51$920.23$1,155.28$204,463.44
217$2,075.51$925.41$1,150.11$203,538.04
218$2,075.51$930.61$1,144.90$202,607.42
219$2,075.51$935.85$1,139.67$201,671.58
220$2,075.51$941.11$1,134.40$200,730.46
221$2,075.51$946.41$1,129.11$199,784.06
222$2,075.51$951.73$1,123.79$198,832.33
223$2,075.51$957.08$1,118.43$197,875.25
224$2,075.51$962.47$1,113.05$196,912.78
225$2,075.51$967.88$1,107.63$195,944.90
226$2,075.51$973.32$1,102.19$194,971.58
227$2,075.51$978.80$1,096.72$193,992.78
228$2,075.51$984.30$1,091.21$193,008.48
229$2,075.51$989.84$1,085.67$192,018.64
230$2,075.51$995.41$1,080.10$191,023.23
231$2,075.51$1,001.01$1,074.51$190,022.22
232$2,075.51$1,006.64$1,068.87$189,015.58
233$2,075.51$1,012.30$1,063.21$188,003.28
234$2,075.51$1,018.00$1,057.52$186,985.28
235$2,075.51$1,023.72$1,051.79$185,961.56
236$2,075.51$1,029.48$1,046.03$184,932.08
237$2,075.51$1,035.27$1,040.24$183,896.81
238$2,075.51$1,041.09$1,034.42$182,855.72
239$2,075.51$1,046.95$1,028.56$181,808.77
240$2,075.51$1,052.84$1,022.67$180,755.93
241$2,075.51$1,058.76$1,016.75$179,697.16
242$2,075.51$1,064.72$1,010.80$178,632.45
243$2,075.51$1,070.71$1,004.81$177,561.74
244$2,075.51$1,076.73$998.78$176,485.01
245$2,075.51$1,082.79$992.73$175,402.23
246$2,075.51$1,088.88$986.64$174,313.35
247$2,075.51$1,095.00$980.51$173,218.35
248$2,075.51$1,101.16$974.35$172,117.19
249$2,075.51$1,107.35$968.16$171,009.83
250$2,075.51$1,113.58$961.93$169,896.25
251$2,075.51$1,119.85$955.67$168,776.40
252$2,075.51$1,126.15$949.37$167,650.25
253$2,075.51$1,132.48$943.03$166,517.77
254$2,075.51$1,138.85$936.66$165,378.92
255$2,075.51$1,145.26$930.26$164,233.66
256$2,075.51$1,151.70$923.81$163,081.96
257$2,075.51$1,158.18$917.34$161,923.79
258$2,075.51$1,164.69$910.82$160,759.09
259$2,075.51$1,171.24$904.27$159,587.85
260$2,075.51$1,177.83$897.68$158,410.02
261$2,075.51$1,184.46$891.06$157,225.56
262$2,075.51$1,191.12$884.39$156,034.44
263$2,075.51$1,197.82$877.69$154,836.62
264$2,075.51$1,204.56$870.96$153,632.06
265$2,075.51$1,211.33$864.18$152,420.73
266$2,075.51$1,218.15$857.37$151,202.58
267$2,075.51$1,225.00$850.51$149,977.58
268$2,075.51$1,231.89$843.62$148,745.69
269$2,075.51$1,238.82$836.69$147,506.87
270$2,075.51$1,245.79$829.73$146,261.08
271$2,075.51$1,252.80$822.72$145,008.29
272$2,075.51$1,259.84$815.67$143,748.45
273$2,075.51$1,266.93$808.59$142,481.52
274$2,075.51$1,274.06$801.46$141,207.46
275$2,075.51$1,281.22$794.29$139,926.24
276$2,075.51$1,288.43$787.09$138,637.81
277$2,075.51$1,295.68$779.84$137,342.14
278$2,075.51$1,302.96$772.55$136,039.17
279$2,075.51$1,310.29$765.22$134,728.88
280$2,075.51$1,317.66$757.85$133,411.21
281$2,075.51$1,325.08$750.44$132,086.14
282$2,075.51$1,332.53$742.98$130,753.61
283$2,075.51$1,340.02$735.49$129,413.58
284$2,075.51$1,347.56$727.95$128,066.02
285$2,075.51$1,355.14$720.37$126,710.88
286$2,075.51$1,362.77$712.75$125,348.11
287$2,075.51$1,370.43$705.08$123,977.68
288$2,075.51$1,378.14$697.37$122,599.54
289$2,075.51$1,385.89$689.62$121,213.65
290$2,075.51$1,393.69$681.83$119,819.96
291$2,075.51$1,401.53$673.99$118,418.44
292$2,075.51$1,409.41$666.10$117,009.03
293$2,075.51$1,417.34$658.18$115,591.69
294$2,075.51$1,425.31$650.20$114,166.38
295$2,075.51$1,433.33$642.19$112,733.05
296$2,075.51$1,441.39$634.12$111,291.66
297$2,075.51$1,449.50$626.02$109,842.16
298$2,075.51$1,457.65$617.86$108,384.51
299$2,075.51$1,465.85$609.66$106,918.66
300$2,075.51$1,474.10$601.42$105,444.56
301$2,075.51$1,482.39$593.13$103,962.17
302$2,075.51$1,490.73$584.79$102,471.45
303$2,075.51$1,499.11$576.40$100,972.34
304$2,075.51$1,507.54$567.97$99,464.79
305$2,075.51$1,516.02$559.49$97,948.77
306$2,075.51$1,524.55$550.96$96,424.22
307$2,075.51$1,533.13$542.39$94,891.09
308$2,075.51$1,541.75$533.76$93,349.34
309$2,075.51$1,550.42$525.09$91,798.91
310$2,075.51$1,559.15$516.37$90,239.77
311$2,075.51$1,567.92$507.60$88,671.85
312$2,075.51$1,576.73$498.78$87,095.12
313$2,075.51$1,585.60$489.91$85,509.51
314$2,075.51$1,594.52$480.99$83,914.99
315$2,075.51$1,603.49$472.02$82,311.50
316$2,075.51$1,612.51$463.00$80,698.99
317$2,075.51$1,621.58$453.93$79,077.40
318$2,075.51$1,630.70$444.81$77,446.70
319$2,075.51$1,639.88$435.64$75,806.82
320$2,075.51$1,649.10$426.41$74,157.72
321$2,075.51$1,658.38$417.14$72,499.35
322$2,075.51$1,667.71$407.81$70,831.64
323$2,075.51$1,677.09$398.43$69,154.56
324$2,075.51$1,686.52$388.99$67,468.04
325$2,075.51$1,696.01$379.51$65,772.03
326$2,075.51$1,705.55$369.97$64,066.48
327$2,075.51$1,715.14$360.37$62,351.34
328$2,075.51$1,724.79$350.73$60,626.56
329$2,075.51$1,734.49$341.02$58,892.07
330$2,075.51$1,744.25$331.27$57,147.82
331$2,075.51$1,754.06$321.46$55,393.76
332$2,075.51$1,763.92$311.59$53,629.84
333$2,075.51$1,773.85$301.67$51,855.99
334$2,075.51$1,783.82$291.69$50,072.17
335$2,075.51$1,793.86$281.66$48,278.31
336$2,075.51$1,803.95$271.57$46,474.36
337$2,075.51$1,814.10$261.42$44,660.27
338$2,075.51$1,824.30$251.21$42,835.97
339$2,075.51$1,834.56$240.95$41,001.41
340$2,075.51$1,844.88$230.63$39,156.53
341$2,075.51$1,855.26$220.26$37,301.27
342$2,075.51$1,865.69$209.82$35,435.57
343$2,075.51$1,876.19$199.33$33,559.38
344$2,075.51$1,886.74$188.77$31,672.64
345$2,075.51$1,897.36$178.16$29,775.29
346$2,075.51$1,908.03$167.49$27,867.26
347$2,075.51$1,918.76$156.75$25,948.50
348$2,075.51$1,929.55$145.96$24,018.94
349$2,075.51$1,940.41$135.11$22,078.54
350$2,075.51$1,951.32$124.19$20,127.21
351$2,075.51$1,962.30$113.22$18,164.92
352$2,075.51$1,973.34$102.18$16,191.58
353$2,075.51$1,984.44$91.08$14,207.14
354$2,075.51$1,995.60$79.92$12,211.54
355$2,075.51$2,006.82$68.69$10,204.72
356$2,075.51$2,018.11$57.40$8,186.61
357$2,075.51$2,029.46$46.05$6,157.14
358$2,075.51$2,040.88$34.63$4,116.26
359$2,075.51$2,052.36$23.15$2,063.90
360$2,075.51$2,063.90$11.61$0.00

How it works

A mortgage payment is the monthly amount that pays down both the loan balance (principal) and the interest charged by the lender. The standard formula assumes a fixed interest rate compounded monthly: M = P · [r(1+r)^n] / [(1+r)^n − 1], where M is the monthly payment, P is the loan amount, r is the monthly interest rate (annual rate divided by 12), and n is the total number of payments.

Early payments go mostly toward interest because interest is calculated on the remaining balance. As the balance shrinks, more of each payment goes toward principal. This shift over the life of the loan is what makes the amortization schedule so important: it shows you exactly how much of every payment is interest versus principal, and how your balance will fall month by month.

Property tax and homeowners insurance are normally collected with the mortgage payment via an escrow account, so the total monthly cost (often called PITI: principal, interest, taxes, insurance) is higher than principal-and-interest alone. We display each component separately so you can see the full picture.

Even small extra payments make a big difference. Adding $100 extra per month toward principal on a 30-year loan can shave several years off the term and tens of thousands off the lifetime interest. Try the "Extra monthly payment" field to see how aggressive prepayment changes your payoff date and cumulative interest.

Use this calculator before house-hunting to set a realistic budget, while shopping rates to compare lenders, or after closing to plan prepayments. Remember that rates, taxes, and insurance change over time — refresh your numbers periodically.

This calculator handles fixed-rate, fully amortizing loans. Adjustable-rate mortgages (ARMs), interest-only periods, and balloon payments behave differently and require a specialized model. Results are estimates only and do not constitute financial advice. Confirm exact figures with your lender's loan estimate.

M = P · [r(1+r)^n] / [(1+r)^n − 1]

Frequently asked questions

What is a good interest rate?▾

A "good" rate depends on the current market, your credit score, the loan type (conventional, FHA, VA, jumbo), and the term. Compare offers from at least three lenders.

How much should my down payment be?▾

Conventional loans typically require 5–20% down. Less than 20% usually means paying private mortgage insurance (PMI). FHA loans allow as little as 3.5% with mortgage insurance.

Should I pay extra each month?▾

If your loan has no prepayment penalty and you have no higher-interest debt, extra principal payments save substantial interest and shorten the term. Always check that extra payments are applied to principal, not future payments.

What is escrow?▾

An escrow account is held by your lender to pay property taxes and insurance on your behalf. The lender adds 1/12 of the annual amount to each payment.